How I Bought $4,700,000 of Class A Real Estate for $17,957.34

"Marc, why the hell would you do that?"

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Before we start, I’m going to warn you of something.

In this blog, I’m going to break down a deal I recently closed on. At a specific point — if you’re a season real estate investor — you’re going to say this:

“Marc, why the hell would you do that?”

Don’t say I didn’t warn you.

The Backstory

I recently connected with a builder in South Dakota. He built 16 brand-new 1-level townhomes that he was planning on holding forever. 

They were built to be very low-maintenance. Again — he figured he’d have them forever. Then, his plans changed and he needed to get cash to keep growing his company, so he wanted to get out and get a deal done as soon as possible.